Corruption

More than a million people block the streets of Bangkok protesting government corruption

Businesses around the world face ramping corruption levels in the supply chain. Companies are exposed daily to corrupt practices such as kickbacks, bid rigging, and facilitation payments. For example in Eastern Europe, companies often deal with the so-called assessorial payments; extra charges that help facilitate the movement of goods and front-of-the-line privileges.

Approximately 83% of all imports of apparel, footwear, and accessories into the United States originate in countries with High or Severe threats of corruption.

BSI Intelligence

The Foreign Corrupt Practices Act (FCPA) specifically prohibits the payment of bribes to foreign officials and addresses accounting transparency requirements. Companies that have committed FCPA violations suffer from a tarnished brand and face significant penalties. To reduce the corruption risks in the supply chain and the associated damage costs, organizations need to weigh what the risks are and develop anti-corruption measures before entering foreign markets.

How we help

BSI’s suite of supply chain intelligence and risk management services and solutions can be used independently to target specific needs or combined together to seamlessly identify, analyze and manage global supply chain operations and risks.

Worried about supply chain risks?

Ways to address corruption risks

Using BSI’s corruption level indicator, you can analyze and quantify the likelihood of government officials in contact with the supply chain, such as customs officers and police officers, accepting bribes or facilitation payments.